In the result, the appeal filed by the assessee is allowed, the CO raised by the assessee and appeal filed by the Revenue are dismissed
Bench: SHRI S. RIFAUR RAHMAN (Accountant Member), SHRI SUNIL KUMAR SINGH (Judicial Member)
73 of the Judgement Set. Thus, relying upon the above said binding judgments of Apex Court and Jurisdictional High Court and Other High Courts and different Benches of the ITAT, the assessment as framed by the Assessing officer deserves to be quashed. iv). The 2nd ground in assessee’s appeal is with regard to sustaining of addition